RUSNANO will invest in the basalt production

The investment agreement has been signed between the RUSNANO and the "Galen" company. This project deals with the production of nanostructured polymer composites based on basalt fiber. The total project budget will exceed 500 million of rubles, 200 million of which will be invested by the RUSNANO. 2,500-3,000 tons of products (barring for the mining industry, steel frameworks, flexible plug-ins of construction purposes; composite oil pumps; poles for street lights and power lines) are expected to be as the company's output rates by 2016. Read more.